THE NEW ZEALAND DAIRY TRADE.

Otago Witness, Issue 2080, 4 January 1894, Page 11

THE NEW ZEALAND DAIRY TRADE.

(From Oub Own Correspondent.) London, November 17.

An adjourned meeting of those interested in the New Zealand dairy trade was held last Monday. Mr H. Trengrouse presided. At the invitation of the meetiug Mr Henry Reynold?, tho convener of tho original meeting and the originator of the proposal that a committee should bo formed to regulate tho market price of high-class butter, explained to these present who wero nob at the first meeting the reasons and objects of the movement — viz., to secure uniformity acrl improvement in prices, and to promote the interests of this growing trade. I need not recapibulabe whab I seb forbh very fully last week. It is only necessary to say that the views enunciated by Mr Reynolds met with bhe cordial and unanimous support of the meeting. Ultimately it was resolved that a committee, consisting of Messrs H Trengrouse, Coey, and Co., Oetzer and Gerritsen, Cruickshank avid Lovell, J. W. Dottridge, and Reynolds and Go , be appointed to meet weekly for tho purpose of regulating the price of cplonial butter, the weekly meetings to be held at the New Exchanga, Cotton's wharf. It was also proposed that Mr H. Reynolds (of Reynolds and Co.) be requested to undertake the duties of secretary, not only on the ground of his special capacity for the position and of his being the original mover in the matter, bub also because it was thought that as he represented (on the committee) rather the producer and shipper than the London agents, hiß prominence as the secretary, whose name would come specially under notice, would tend to inspire more confidence on the pert of the producers. It wa3 further decided that rules for the conduct of business should be drawn up and submitted to the next meeting for approval, and that the committee should meet, for the first time, on the following Thursday.

Oa all hands the opinion was expressed that the movement had been very successfully inaugurated, acd that an exceedingly useful step had been taken, which would bring about a marked improvement alike in the working of the trade at this end aad the rate of prices realised for New Zealand dairy produce.

The new committee held its first meeting on Thursday, and after careful consideration decided that the price of first qual'fcy colonial butter for the nest week should be 1245.

I learn from Meiers Coey and Go. that tbere has been a good demand for colonial butter, and aU arrivals have been cleared. Cnnadi '.n cheepe is alow, bub selkra are holding on for current prices.

Fiom Messrs Reynolds aud Co. I learn that Danish butter iB down 4s 6d today. It is supposed that this reduction is with the object of meeting the solonial consignments shortly to arrive on a large scale. It has been decided, however, to leave Australian and New Zealand butter at the rate already fixed for best, viz., 1245.

Some choice parcels of Australian butter have gone as high as 1265. The Oruba brought 5815 boxes in good condition.

The Doric is expected in about 10 days with a considerable amount of Now Zealand butter. Its market prospects are regarded as favourable.